Abstract

Once the South African Revenue Service's (SARS') proposed amendment comes into effect, it will pay interest on any tax you've overpaid. Previously SARS was allowed to invoke the relevant provisions in the VAT and Income Tax Acts to get you to "pay now and argue later", and even when you won your dispute, you would not receive any interest on your money. This caused much consternation among taxpayers, and readers have raised questions concerning the prevailing practice.